BofA raised the firm’s price target on nCino (NCNO) to $38 from $34 and keeps a Neutral rating on the shares after the company reported fiscal Q2 results above the firm’s and Street estimates and FY26 subscription revenue guidance was raised by more than the Q2 beat. While the results and guidance revisions are “positive,” the firm views the risk/reward as balanced until “at least a durable double digit subscription revenue growth profile” is visible, the analyst tells investors.
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